Asure Software Inc (NASDAQ:ASUR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, October 17th.
According to Zacks, “Asure Software Inc., formerly Forgent Networks, Inc., is a provider of Web-based workforce management solutions. It offers Web-based workforce management solutions that enable organizations to manage their office environment, as well as their human resource and payroll processes. The Company offers its workforce management solutions under two product lines: NetSimplicity and iEmployee. Asure’s suite includes products to optimize workforce time and attendance tracking, benefits enrollment and tracking, pay stubs and W2 documentation, expense management, meeting and event management, and asset tracking. The company delivers easy-to-use, easy-to-deploy software products that serve small and medium-sized organizations and divisions of Fortune and Global 1000 enterprises. It focuses on developing products that deliver enterprise-class productivity enhancements at an affordable price such that any size organization can enjoy the benefits of its solutions. “
A number of other analysts have also recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 price objective on shares of Asure Software in a research report on Tuesday, October 17th. Northland Securities reaffirmed a “buy” rating and set a $18.00 price objective on shares of Asure Software in a research report on Thursday, September 21st. Scotiabank cut Asure Software from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 7th. Finally, Cowen and Company assumed coverage on Asure Software in a research report on Wednesday, September 6th. They set an “outperform” rating and a $16.00 price objective for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Asure Software currently has an average rating of “Buy” and a consensus target price of $16.50.
Shares of Asure Software (NASDAQ ASUR) traded down 2.67% on Tuesday, reaching $10.21. 168,054 shares of the company’s stock were exchanged. The stock’s market cap is $126.82 million. Asure Software has a one year low of $6.36 and a one year high of $17.27. The company’s 50 day moving average is $11.51 and its 200-day moving average is $12.64.
Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Monday, August 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). Asure Software had a positive return on equity of 6.93% and a negative net margin of 5.73%. The firm had revenue of $12.88 million for the quarter, compared to analysts’ expectations of $12.23 million. On average, analysts anticipate that Asure Software will post $0.52 EPS for the current year.
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Several institutional investors and hedge funds have recently bought and sold shares of the company. Northpointe Capital LLC lifted its holdings in shares of Asure Software by 33.9% in the 3rd quarter. Northpointe Capital LLC now owns 544,418 shares of the technology company’s stock valued at $6,762,000 after buying an additional 137,769 shares during the period. Skylands Capital LLC increased its stake in Asure Software by 28.7% in the 3rd quarter. Skylands Capital LLC now owns 191,423 shares of the technology company’s stock valued at $2,377,000 after purchasing an additional 42,648 shares in the last quarter. AWM Investment Company Inc. purchased a new position in Asure Software in the 2nd quarter valued at approximately $2,595,000. Navellier & Associates Inc increased its stake in Asure Software by 13.1% in the 2nd quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock valued at $730,000 after purchasing an additional 5,775 shares in the last quarter. Finally, Prudential PLC purchased a new position in Asure Software in the 2nd quarter valued at approximately $3,287,000. 39.68% of the stock is owned by institutional investors and hedge funds.
About Asure Software
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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